(Bloomberg) -- Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They’re sitting on twice as much cash.Assets in money-market funds have soared to a record $4.77 trillion amid a flight to safety by investors this year. More than three-quarters of that is parked in Treasury-only and other government funds perceived to be the least risky, Investment Company Institute data show, in part because of regulatory reforms in 2016 that triggered an exodus from prime funds.Giants of the industry like Vanguard Group and Fidelity Investments already have done what’s known as “soft closes,” or shutting down some funds to new investors. Speculation is swirling that management fees may be waived eventually by some companies in the industry. And managers are getting creative with their investments. It’s all an effort to preserve some sort...
The rebound has been powered by technology stocks but BofA said there were signs of "tech fatigue". Tchnology stocks saw the first week of outflows so far this year, with investors redeeming $43 million worth, BofA said its weekly research note. Investors added $11.3 billion into bonds and $53.5 billion into cash in the past week, BofA said, with an internal indicator of sentiment at "extreme bearish"....
When Warren Buffett opens his mouth about investing, I listen. That's why when United Airlines (NASDAQ:UAL) stock and the other major airline stocks took a nosedive due to novel coronavirus travel shutdowns, I bought shares.Source: travelview / Shutterstock.com At the time I was buying (March 23), I had no idea what Buffett was doing. But I knew Buffett loved airlines, and I remembered the things he'd said over the years.So when Buffett revealed last weekend that he had sold his UAL stock and all other airline stocks, I was somewhat confused. I believe that decision to dump airlines in the middle of a crisis is short-sighted. I also believe Buffett opted to cash out major airline losses rather than taking advantage of a long-term buying opportunity.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Oracle's Own WordsThrough the years, Buffett has repeatedly described the type of investing opportunities he looks...
CVS Health (NYSE:CVS) beat market estimates for sales in its May 6 report but the share fell 5% anyway. The CVS stock price has eked out a 3% gain since its mid-March low, while the S&P 500 index is up 5.1% in the same seven or so weeks.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat report? Earnings of $2.01 billion, $1.53 per share fell short of estimates for $1.70 a share of earnings. But revenue of $66.75 billion was well ahead of estimates for $62.61 billion.Revenue gains were strongest on the insurance side of the house, the former Aetna. Earnings gains were strongest in what it called the retail and long-term care segment, which includes its in-store clinics.Initial reports had earnings of $1.91 a share, which would have beat even the whisper number. This was adjusted income, including some non-GAAP items related to the Aetna deal and...
Bitcoin is growing against the entire crypto market, adding 3% in the last 24 hours. The first cryptocurrency is not only above $9K but is close to reaching $10K....
